Thursday, 14 May 2015

3pm update - net daily gains

Equity indexes are going to settle with somewhat significant net daily gains, a weekly close in the sp'2130s is very viable.  USD has turned a little lower again, -0.2% in the DXY 93.40s. Metals have cooled a little from the morning highs, Gold +$7. VIX is set for a close in the 12s.


sp'60min



VIX'60min


Summary

*with the USD set to close net lower.. the earlier turn... is clearly not the case.
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Little to add.

A day for the equity bull maniacs... with new historic highs due in the near term.

Weekly cycle will be offering the 2150/60s in early June... a tag of the upper bol' on the monthly cycle remains a valid target before this madness maxes out for early summer.
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Notable gains: FB +3.8%,  AAPL +2.2%
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back at the close... to wrap up the day